48 Essex Avenue, Rumford, ME 04276
Local realty services provided by:CENTURY 21 Barbara Patterson
48 Essex Avenue,Rumford, ME 04276
$300,000
- - Beds
- 5 Baths
- 3,348 sq. ft.
- Multi-family
- Active
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652592
Source:ME_MREIS
Price summary
- Price:$300,000
- Price per sq. ft.:$89.61
About this home
Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.
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Home facts
- Year built:1923
- Listing ID #:1652592
- Updated:April 23, 2026 at 03:11 PM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Tile, Vinyl, Wood
- Basement Description:Full, Unfinished
- Living area:3,348 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water
Structure and exterior
- Year built:1923
- Building area:3,348 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Level, Near Town
- Construction Materials:Vinyl Siding, Wood Frame
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$300,000
- Price per sq. ft.:$89.61
- Tax amount:$2,131 (2025)
Parking
- Parking description:1 - 4 Spaces, Common
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